MARKET DEVELOPMENT
Jotech rises on plan to buy palm firms
Jotech rises on plan to buy palm firms
24/11/2010 (Business Times) - Jotech Holdings Bhd, a Malaysian precision tool maker, rose the most in nine days in Kuala Lumpur trading, after saying it will buy two palm oil companies to diversify into resources industries.
The stock gained 9.5 per cent to 11.5 sen at 9:53 a.m. local time, set for its biggest gain since November 15. The company is set to be the most active stock on the Kuala Lumpur stock exchange with 13.7 million shares traded.